Australian Lung Cancer Drugs Market 2023 : Projected to Deliver Greater Revenues during the Forecast Period 2028

Report Overview

The Australian Lung Cancer drugs market size stood at around USD 0.59 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Lung cancer is the fifth most common cancer in Australia and accounts for 9% of all cancers. It was estimated that there would be 3,258 new cases of lung cancer diagnosed in Australia in 2020. The risk of being diagnosed with lung cancer in Australia by age 85 is 1 in 13 for men and 1 in 21 for women. The chance of surviving lung cancer for at least five years is 19%. There are two types of lung cancers namely, Non-Small Cell Lung Cancer (NSCLS), & Small Cell Lung Cancer (SCLC). Comparatively Non-small cell lung cancer is the most common type of lung cancer, accounting for around 85% of cases.

Market Drivers

The rising prevalence rate of lung cancer is a major driver of the lung cancer market. This is mainly because an increase in prevalence and incidence rate of lung cancer cases propels the need for drugs that enable efficient and fast treatment of the disease. Increasing funding in the field of research and development of new drugs, increasing pollution due to rapid industrialization, and a rise in the number of smokers are some of the reasons for the increasing prevalence of lung cancer. Hence all these factors have been driving the growth of the market. In 2018 Lung Foundation Australia pledged $ 450,000 in research and development. The latest data from the National Drug Strategy Household Survey (NDSHS) estimated that 11.6% of adults smoked daily in 2019. In 2017-18, net overseas migration was 236,700 and the natural increase was 153,800. In total, Australia's population grew by 390,500, or 1.6 percent.

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Major Players

Australia presents rewarding opportunities for the key players operating in the Lung cancer treatment market, owing to growth in awareness about Lung cancer treatment and the rise in adoption of Lung cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. Key players profiled in this report include Roche Diagnostics, Astellas Pharma Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, Ferring Pharmaceuticals Inc., GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, and Takeda Pharmaceutical Company Ltd.

The report delivers the challenges in front of the Australian Lung Cancer Drugs Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Australian Lung Cancer Drugss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Type:

By drug type, the Australian lung cancer market is segmented into carboplatin, docetaxel, gemcitabine, cisplatin, chemotherapy, radiotherapy, pemetrexed, Taxotere, and other drugs. Among all the above-mentioned drug types in Australia, all patients are given chemotherapy either alone or in combination with radiotherapy. It can prolong survival and improve quality of life when compared to best supportive care. Chemotherapy has an expanding role in the management of the earlier-stage disease.

By Distribution:

Based on the distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. Currently, the hospital pharmacies segment accounted for the majority of the Lung cancer treatment market share, owing to the strong presence of hospital pharmacies, increase in the number of hospitalized Lung cancer patients, and convenience offered by hospital pharmacies. Online pharmacies are the fastest-growing segment during the forecast period, owing to a rise in awareness regarding online pharmacies, an increase in the number of internet users, and a surge in preference for online purchasing of drugs over the traditional methods.

Major Players

Australia presents rewarding opportunities for the key players operating in the Lung cancer treatment market, owing to growth in awareness about Lung cancer treatment and the rise in adoption of Lung cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. Key players profiled in this report include Roche Diagnostics, Astellas Pharma Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, Ferring Pharmaceuticals Inc., GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, and Takeda Pharmaceutical Company Ltd.

The Australian Lung Cancer Drugs Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Australian Lung Cancer Drugs market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Australian Lung Cancer Drugs Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Australian Lung Cancer Drugs market. Each section of the research study is specially prepared to explore key aspects of the global Australian Lung Cancer Drugs Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australian Lung Cancer Drugs market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Australian Lung Cancer Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australian Lung Cancer Drugs market
Chapter 2: Exclusive Summary - the basic information of the Australian Lung Cancer Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australian Lung Cancer Drugs
Chapter 4: Presenting the Australian Lung Cancer Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australian Lung Cancer Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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